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Europe: gas prices soar amid new Middle East fightingPhoto by Monstera Production on Pexels
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Europe: gas prices soar amid new Middle East fighting

Euronews Portugal31 August 2026 at 13:45

Natural gas prices surged on Monday, with the Dutch TTF reference price exceeding 70 euros per megawatt-hour. This significant increase reflects growing geopolitical tensions affecting European energy markets.

Fighting between the United States and Iran is increasing fears of new delays in liquefied natural gas (LNG) exports from the Persian Gulf. This region is a crucial source of supply for international markets.

Investors are closely monitoring the situation in the Middle East, given the region's strategic role as an energy supplier. Any disruption to export routes can have a direct impact on prices in European markets.

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